How to Set Up a Bitcoin IRA: A Step‑by‑Step Review
With the rise of digital assets like Bitcoin, many investors are exploring new ways to prepare for retirement. One increasingly popular strategy is the Bitcoin IRA —a self-directed individual retirement account that allows you to hold cryptocurrency instead of traditional assets like stocks or bonds. If you're curious about this modern approach to retirement investing, you’re in the right place. In this step-by-step guide, we’ll walk you through everything you need to know to set up your own Bitcoin IRA and start saving for the future in a tax-advantaged way. What Is a Bitcoin IRA? A Bitcoin IRA is a type of self-directed IRA that allows investors to hold Bitcoin and other cryptocurrencies as retirement assets. Unlike traditional IRAs, these accounts are managed by custodians that support digital currencies. You can invest in Bitcoin, Ethereum, and other supported coins while enjoying tax benefits based on whether you choose a Traditional or Roth IRA structure. To learn the basics...